Most Nairobians prefer buying a home in cash or building, says report

Formal housing is inaccessible to most low-income earners due to low purchasing. [iStockphoto]

Cash is the most preferred home financing method for most Nairobians according to a discussion paper by a public policy think tank.

The paper notes that the majority of individuals who own their own homes in Nairobi acquired the properties in cash, revealing the gap that exists in access to affordable financing for home loans.